$350 was a good and fair price for a used T-40 in good condition for years on end. Those days are long gone now, however. I stocked up while I could. 
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My actual weights are:
Original T40 - 10.4 lbs
2nd T40 - 11.1 lbs.
T45 - 10.2 lbs.

$350 was a good and fair price for a used T-40 in good condition for years on end.
I once saw a 5-string conversion on reverb and felt mildly tempted. It looked pretty slick, and the T-40 has just wide enough of a neck to pull it off.What the world really needs is somebody to make a bass with modern body style and T-40 pickups and electronics. A 5-string option would be even more awesome.
The T-40 and T-45 are pretty great instruments, but it's not because of the body or the weight.
I bought in ‘78 for $250. I sold in ‘80 for $250. Seemed fair at the time.T45 has only one pickup, fewer knobs, no switches and no pickguard, so that’s cheating
I was lucky to get $150 for mine…paid just under $300 for it brand new in 1980 (MSRP was $375).
Mine was ash, but it was unpainted so it was probably one of the lighter ones. I never had any issue with weight, but it was just too fiddly for me. I’d find a sound I really liked but could never seem to get back to it if I went looking elsewhere. Not to mention my enabler made me a killer trade in deal against a beautiful new deep red Foundation with all gloss black hardware. I kinda missed the ability to get anything from goose farts on a muggy day to a blade dragged down a twisted steel rope, but the Foundation was no slouch in the tone department and it was sex on a stick instead of a stick in the mud.IME, the T-40 really shines in the studio where you can sit down and play. The tonal range is vast, and the electrics are dead quiet in all circumstances, which engineers love. Never a hint of hum or buzz.
On live gigs, I found its ergonomics a little awkward. The weight may get to you after a while, especially if you have lighter alternatives. To be sure, the later ones with poplar bodies are reportedly less hefty than the ash ones.
I own a T40..Hi. I have been watching a lot of recording video's on youtube here recently and everyone is talking about how great the Peavey T-40 bass is to record with. I have been out the game for quite awhile and was just wondering everyone elses thoughts on this matter. Oh...and I'm a pick player btw
I would really love to have one made, body in mahogany, poplar or alder (or even maple) and two side-by-side splits in the T40 positions. Or Darkstars. Walnut stained.
Mostly Poplar and some Alder for the painted ones.If I’m not mistaken most if not all of the painted ones had alder bodies. That said, have only had experience with the two ash-bodies ones that I have had. Still have one with a Hoxey neck on it.
The L1000 I bought when I sold my T-40 weighs 8.4 lbs (still does). it was noticeably lighter but I’m not sure I cared back then. I just like the way it sounded.

I’m not the one with the heavy G&L. As noted, my ‘80 ash-body L1K weighed 8.4 lbs. It was a feather after the T-40! But no,it was not something that even mattered at the time. What DID matter was the arm cut - couldn’t live with Tele-style slabs I’m afraid.Yeah I'm pretty familiar with early G&L basses too, and they can run heavy....10lb range often, even 11lb range in extreme cases. That said, you'll have to show me one that actually weighed 14 lbs. That much weight is double-neck territory and beyond what even the heaviest T-40's weigh. Fact is we didn't weigh guitars on a scale back then to know for sure. And you're exactly right...we didn't really care, either.![]()
I’m not the one with the heavy G&L. As noted, my ‘80 ash-body L1K weighed 8.4 lbs. It was a feather after the T-40! But no,it was not something that even mattered at the time. What DID matter was the arm cut - couldn’t live with Tele-style slabs I’m afraid.